Calamos Advisors LLC Has $586,000 Stake in The India Fund, Inc. (NYSE:IFN)

Calamos Advisors LLC lifted its holdings in The India Fund, Inc. (NYSE:IFN) by 92.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 37,191 shares of the investment management company’s stock after purchasing an additional 17,816 shares during the quarter. Calamos Advisors LLC owned about 0.12% of The India Fund worth $586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of The India Fund in the third quarter valued at approximately $65,000. Planning Capital Management Corp boosted its stake in The India Fund by 21.3% in the 3rd quarter. Planning Capital Management Corp now owns 4,181 shares of the investment management company’s stock worth $80,000 after purchasing an additional 733 shares during the period. IHT Wealth Management LLC acquired a new position in The India Fund in the 3rd quarter worth $191,000. Matisse Capital acquired a new position in The India Fund in the 4th quarter worth $238,000. Finally, Pallas Capital Advisors LLC acquired a new position in The India Fund in the 4th quarter worth $268,000. 10.76% of the stock is currently owned by institutional investors and hedge funds.

The India Fund Stock Up 0.1 %

IFN stock opened at $16.14 on Thursday. The business has a 50-day moving average of $16.33 and a 200-day moving average of $17.54. The India Fund, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $21.25.

The India Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, November 21st were given a dividend of $0.93 per share. The ex-dividend date was Thursday, November 21st. This represents a $3.72 dividend on an annualized basis and a yield of 23.05%. This is an increase from The India Fund’s previous quarterly dividend of $0.49.

The India Fund Company Profile

The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.